Distressed Properties Index rises
KAREN RIVEDAL krivedal@madison.com
Friday, April 23, 2010
Dane County’s Distressed Properties Index in March increased to 0.26, up from 0.20 a year ago and slightly up from February’s value of 0.25.
Available at DaneCountyMarket.com, the index charts the prevalence of distressed properties, or those related to foreclosure or the threat of foreclosure.
The March reading suggests more than a quarter of all homes sales in the county involved distressed properties, and it also was a new high for the county since the data began being tracked in January 2006, when the index stood at 0.05 percent.
Index creators Dan Miller, a Madison real estate agent, and Peter Zarov, a Madison title lawyer, said they expect the percentage of distressed property sales to remain above 20 percent for at least the next year due to the continuing rise in foreclosure filings.
(Article from http://www.madison.com/, written by Karen Rivedal)
KAREN RIVEDAL krivedal@madison.com
Friday, April 23, 2010
Dane County’s Distressed Properties Index in March increased to 0.26, up from 0.20 a year ago and slightly up from February’s value of 0.25.
Available at DaneCountyMarket.com, the index charts the prevalence of distressed properties, or those related to foreclosure or the threat of foreclosure.
The March reading suggests more than a quarter of all homes sales in the county involved distressed properties, and it also was a new high for the county since the data began being tracked in January 2006, when the index stood at 0.05 percent.
Index creators Dan Miller, a Madison real estate agent, and Peter Zarov, a Madison title lawyer, said they expect the percentage of distressed property sales to remain above 20 percent for at least the next year due to the continuing rise in foreclosure filings.
(Article from http://www.madison.com/, written by Karen Rivedal)
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